StudentShare solutions
Triangle menu

Korean OEM Suppliers: International Business Management Strategy - Essay Example

Nobody downloaded yet

Extract of sample
Korean OEM Suppliers: International Business Management Strategy

This study aims to identify the factors responsible for the success of the successful organization in the global market place with a special focus to the leadership and the strategies adopted in order to bring changes in the organization culture and structure.
There are various sociological, technological, environmental, political legal and economical factors which influence the way any firm operates within any market place. The extent of variations in these factors, from one market to another, determines the strategic moves being planned by the company. For being globally competitive a studied research of all these factors helps in establishing a sustainable business. Organizational structure, leadership and work-culture forms very much a part of the 'internal environmental factors' affecting the functioning of an organization. In the context of Korean companies, Kang (1996) states "Although the organizational structure is centralized and its functions formalized, individual jobs are not formally structured in Korean business firms. Korean firms usually do not have job descriptions or job specifications, and job tasks and work responsibilities of individual employees are largely determined by the supervisor as the jobs are performed." Organization structure and culture have important role in the success of any organization. Under an effective leadership how a company is able to cope up with the competitive global environment is always an area of interest for academicians and researchers. The influence of 'Country-of-origin effects' has been studied by various marketers and researchers on the consumer. For example, traditionally Quality has been associated with products coming from Japan and Germany. Similarly, consumers associate elegance and style with products originating from France and Italy. This influence also determines the type of talent an organization can attract from the job market. It has been found to exist for products in general (Darling and Wood, 1990; Howard, 1989), for certain product categories (Cordell, 1992; Hong and Wyer, 1989, 1990; Roth and Romeo, 1992), and for specific brands (Chao, 1993; Han and Terpstra, 1988; Tse and Gorn, 1993; Witt, 1990). The impact of Country stereotypes on the purchasing behavior both of individual consumers has been one of the areas of studies (see e.g. Lin and Sternquist, 1994) and organizations (see e.g. Chang and Kim, 1995).
In general an Original Equipment Manufacturer (OEM), may be defined as;
The original manufacturer of a product/ equipment and then selling it under its own brand name.
A company re-selling products (e.g. computer products, software etc.) under its own label that include technology licensed from another vendor. In this case the original product name may or may not be retained. Such OEM's are also called VAR (value-added reseller).
A Company selling only fully assembled equipment.
A company which markets a product made of components and subsystems manufactured by other companies under its own name and brand.
For the OEM products the business environment on the international scene has changed tremendously in respect of various parameters like quality, compatibility, prices, processes etc. Increasing competition thus makes the task of OEM companies from developing economies little difficult. Competition arises not just from the developed economies but ...Show more
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Korean OEM Suppliers: International Business Management Strategy Essay”, n.d.)
Retrieved from https://studentshare.net/miscellaneous/301390-korean-oem-suppliers-international-business-management-strategy
(Korean OEM Suppliers: International Business Management Strategy Essay)
https://studentshare.net/miscellaneous/301390-korean-oem-suppliers-international-business-management-strategy.
“Korean OEM Suppliers: International Business Management Strategy Essay”, n.d. https://studentshare.net/miscellaneous/301390-korean-oem-suppliers-international-business-management-strategy.
  • Cited: 0 times

Summary

The international markets for the OEM suppliers have gone through tremendous changes in recent past, especially for the suppliers from the developing economies like Korea, China and others. The suppliers from the countries like Korea have small local market…
Korean OEM Suppliers: International Business Management Strategy
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Korean OEM Suppliers: International Business Management Strategy"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

International Business Strategy
.. on the axis between Australia, ASEAN and China” (case p. 2). Using module theory and evidence from the Salim Group case study, critically evaluate his chances of success. Indonesia’s one of the oldest and the largest conglomerate company, Salim Group has experienced a many ups and downs since its inception.
12 pages (3000 words) Essay
International Business Management And Strategy
GSK has a broad products base that could be categorised into three major tracts: consumer health products, vaccines and prescription medicines. The company is dominant in the vaccines market where it has roughly ? of the global vaccines market share (Anon, 2011).
8 pages (2000 words) Essay
International Business Strategy
Audi is headquartered in Ingolstadt, Germany and manufactures its automobiles in six main countries that include Germany, Hungary, China, Belgium, Brazil and India (Fowler, 2010, p 89). The company has also outlined plans to establish manufacturing plants in several other countries that include North American countries and South American countries (Dicken, 2011, 234).
7 pages (1750 words) Essay
International Business & Strategy
Globilisation has been driven by international trade, increased investments and aided by rapid information technology; thus, it has become the indispensable part of the global economic development. Globilisation has enabled many companies to carry out business transactions with other business entities across the globe effectively.
10 pages (2500 words) Essay
International business management and strategy
The Italian economy is the fifth largest economy in terms of USD exchange rate and seventh largest in terms of purchasing power parity. Motor vehicles are counted as one of the significant industries in Italy. Italian GDP growth averaged 0.6% a year during the period 2001-2005 but recorded a 2% growth in 2007.Inflation is expected to remain steady at 2% in 2007.
2 pages (500 words) Essay
International Business strategy
It should be done by following the business concepts in the local region. The changes in business principle are favourable only after getting a firm position in the market. In order to get strong acceptance in the industry the basic culture of the customers has to be
10 pages (2500 words) Essay
International Business Strategy
There is a need for an organisational hierarchy when entering this new market that is vertical, rather than horizontal where decision-making is distributed evenly throughout all layers of the business. There are
13 pages (3250 words) Essay
International Business Strategy
strategy can be substantially different from the home country to any foreign country depending upon the level of development the host country is subjected to. There are three broad strategic options to do international business – an industry based view, a resource based view
8 pages (2000 words) Essay
International Business strategy
An international business strategy is part of doing business no matter where the business is located globally. Organizations that operate nationally normally face competition and the reason why organizations formulate business strategies is to be
3 pages (750 words) Essay
International Business & Strategy
Environmental factors were not considered relevant for this study because the banking industry has an insignificant impact on the environment (Rugman & Collinson, 2012).
12 pages (3000 words) Essay
Comments (0)
Click to create a comment
Let us find you another Essay on topic Korean OEM Suppliers: International Business Management Strategy for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us